Majestic Gold Corp. (MJS) - Net Assets
Based on the latest financial reports, Majestic Gold Corp. (MJS) has net assets worth CA$241.68 Million CAD (≈ $174.83 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$340.32 Million ≈ $246.18 Million USD) and total liabilities (CA$98.64 Million ≈ $71.35 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MJS intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$241.68 Million |
| % of Total Assets | 71.02% |
| Annual Growth Rate | 42.69% |
| 5-Year Change | 160.4% |
| 10-Year Change | 319.29% |
| Growth Volatility | 89.48 |
Majestic Gold Corp. - Net Assets Trend (2001–2025)
This chart illustrates how Majestic Gold Corp.'s net assets have evolved over time, based on quarterly financial data. See Majestic Gold Corp. liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Majestic Gold Corp. (2001–2025)
The table below shows the annual net assets of Majestic Gold Corp. from 2001 to 2025. For live valuation and market cap data, see Majestic Gold Corp. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$241.68 Million ≈ $174.83 Million |
+51.32% |
| 2024-12-31 | CA$159.72 Million ≈ $115.54 Million |
+4.87% |
| 2023-12-31 | CA$152.30 Million ≈ $110.17 Million |
+39.30% |
| 2022-12-31 | CA$109.33 Million ≈ $79.09 Million |
+17.80% |
| 2021-12-31 | CA$92.81 Million ≈ $67.14 Million |
+3.02% |
| 2020-12-31 | CA$90.09 Million ≈ $65.17 Million |
-1.97% |
| 2019-12-31 | CA$91.90 Million ≈ $66.48 Million |
+3.42% |
| 2018-12-31 | CA$88.86 Million ≈ $64.28 Million |
+28.56% |
| 2017-12-31 | CA$69.12 Million ≈ $50.00 Million |
+19.91% |
| 2016-12-31 | CA$57.64 Million ≈ $41.70 Million |
-8.23% |
| 2015-12-31 | CA$62.81 Million ≈ $45.44 Million |
-12.70% |
| 2014-12-31 | CA$71.95 Million ≈ $52.05 Million |
-10.24% |
| 2013-12-31 | CA$80.16 Million ≈ $57.98 Million |
+8.31% |
| 2012-12-31 | CA$74.01 Million ≈ $53.54 Million |
+88.51% |
| 2011-12-31 | CA$39.26 Million ≈ $28.40 Million |
+118.58% |
| 2010-12-31 | CA$17.96 Million ≈ $12.99 Million |
+45.85% |
| 2009-12-31 | CA$12.32 Million ≈ $8.91 Million |
-10.32% |
| 2008-12-31 | CA$13.73 Million ≈ $9.93 Million |
+5.36% |
| 2007-12-31 | CA$13.03 Million ≈ $9.43 Million |
+35.99% |
| 2006-12-31 | CA$9.58 Million ≈ $6.93 Million |
+36.88% |
| 2005-12-31 | CA$7.00 Million ≈ $5.06 Million |
+379.81% |
| 2004-12-31 | CA$1.46 Million ≈ $1.06 Million |
+163.44% |
| 2003-12-31 | CA$553.92K ≈ $400.70K |
+5836.55% |
| 2002-12-31 | CA$-9.66K ≈ $-6.99K |
-120.28% |
| 2001-12-31 | CA$47.61K ≈ $34.44K |
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Equity Component Analysis
This analysis shows how different components contribute to Majestic Gold Corp.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1232224581.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$9.66 Million | 6.45% |
| Other Components | CA$140.16 Million | 93.55% |
| Total Equity | CA$149.82 Million | 100.00% |
Majestic Gold Corp. Competitors by Market Cap
The table below lists competitors of Majestic Gold Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Done.ai Group AB
ST:DONE
|
$90.54 Million |
|
Delta Djakarta Tbk
JK:DLTA
|
$90.55 Million |
|
SCOPE FLUIDICS SA ZY-10
F:S84
|
$90.56 Million |
|
NoiBai Cargo Terminal Services JSC
VN:NCT
|
$90.57 Million |
|
Coffee Day Enterprises Limited
NSE:COFFEEDAY
|
$90.49 Million |
|
Maywufa Co Ltd
TW:1731
|
$90.45 Million |
|
Sumber Energi Andalan Tbk PT
JK:ITMA
|
$90.45 Million |
|
myNEWS Holdings Bhd
KLSE:5275
|
$90.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Majestic Gold Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 107,930,847 to 149,817,837, a change of 41,886,990 (38.8%).
- Net income of 6,744,134 contributed positively to equity growth.
- Dividend payments of 5,477,241 reduced retained earnings.
- New share issuances of 60,655,906 increased equity.
- Other factors decreased equity by 20,035,809.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$6.74 Million | +4.5% |
| Dividends Paid | CA$5.48 Million | -3.66% |
| Share Issuances | CA$60.66 Million | +40.49% |
| Other Changes | CA$-20.04 Million | -13.37% |
| Total Change | CA$- | 38.81% |
Book Value vs Market Value Analysis
This analysis compares Majestic Gold Corp.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.84x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 17.46x to 0.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CA$0.01 | CA$0.12 | x |
| 2002-12-31 | CA$0.00 | CA$0.12 | x |
| 2003-12-31 | CA$0.03 | CA$0.12 | x |
| 2004-12-31 | CA$0.07 | CA$0.12 | x |
| 2005-12-31 | CA$0.20 | CA$0.12 | x |
| 2006-12-31 | CA$0.22 | CA$0.12 | x |
| 2007-12-31 | CA$0.23 | CA$0.12 | x |
| 2008-12-31 | CA$0.22 | CA$0.12 | x |
| 2009-12-31 | CA$0.07 | CA$0.12 | x |
| 2010-12-31 | CA$0.07 | CA$0.12 | x |
| 2011-12-31 | CA$0.08 | CA$0.12 | x |
| 2012-12-31 | CA$0.11 | CA$0.12 | x |
| 2013-12-31 | CA$0.07 | CA$0.12 | x |
| 2014-12-31 | CA$0.06 | CA$0.12 | x |
| 2015-12-31 | CA$0.06 | CA$0.12 | x |
| 2016-12-31 | CA$0.05 | CA$0.12 | x |
| 2017-12-31 | CA$0.06 | CA$0.12 | x |
| 2018-12-31 | CA$0.07 | CA$0.12 | x |
| 2020-12-31 | CA$0.07 | CA$0.12 | x |
| 2021-12-31 | CA$0.08 | CA$0.12 | x |
| 2022-12-31 | CA$0.08 | CA$0.12 | x |
| 2023-12-31 | CA$0.10 | CA$0.12 | x |
| 2024-12-31 | CA$0.10 | CA$0.12 | x |
| 2025-12-31 | CA$0.14 | CA$0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Majestic Gold Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.56%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.27x
- Recent ROE (4.50%) is above the historical average (-14.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -96.89% | 0.00% | 0.00x | 3.86x | CA$-50.89K |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-245.03K |
| 2003 | -46.45% | 0.00% | 0.00x | 1.15x | CA$-312.67K |
| 2004 | -83.69% | 0.00% | 0.00x | 1.37x | CA$-1.37 Million |
| 2005 | -18.78% | 0.00% | 0.00x | 1.26x | CA$-2.01 Million |
| 2006 | -16.67% | 0.00% | 0.00x | 1.08x | CA$-2.56 Million |
| 2007 | -24.16% | 0.00% | 0.00x | 1.10x | CA$-4.45 Million |
| 2008 | -23.99% | 0.00% | 0.00x | 1.24x | CA$-4.67 Million |
| 2009 | -40.06% | 0.00% | 0.00x | 1.25x | CA$-6.17 Million |
| 2010 | -31.02% | -99.13% | 0.25x | 1.27x | CA$-7.23 Million |
| 2011 | -26.00% | -93.66% | 0.23x | 1.23x | CA$-14.04 Million |
| 2012 | -3.14% | -7.28% | 0.29x | 1.51x | CA$-9.64 Million |
| 2013 | -8.98% | -20.63% | 0.25x | 1.73x | CA$-11.52 Million |
| 2014 | -11.75% | -26.49% | 0.25x | 1.80x | CA$-11.68 Million |
| 2015 | -10.46% | -21.49% | 0.24x | 2.06x | CA$-9.50 Million |
| 2016 | -6.88% | -10.48% | 0.30x | 2.20x | CA$-7.15 Million |
| 2017 | 4.25% | 7.55% | 0.28x | 2.02x | CA$-3.01 Million |
| 2018 | 6.26% | 13.01% | 0.27x | 1.76x | CA$-2.63 Million |
| 2019 | 7.04% | 15.57% | 0.27x | 1.67x | CA$-2.13 Million |
| 2020 | 19.63% | 28.76% | 0.41x | 1.65x | CA$7.39 Million |
| 2021 | 9.37% | 20.07% | 0.30x | 1.55x | CA$-522.56K |
| 2022 | 20.01% | 27.45% | 0.45x | 1.60x | CA$8.72 Million |
| 2023 | 7.15% | 13.74% | 0.29x | 1.77x | CA$-3.02 Million |
| 2024 | 9.20% | 13.99% | 0.38x | 1.74x | CA$-865.21K |
| 2025 | 4.50% | 7.56% | 0.26x | 2.27x | CA$-8.24 Million |
Industry Comparison
This section compares Majestic Gold Corp.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,457,076,334
- Average return on equity (ROE) among peers: -12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Majestic Gold Corp. (MJS) | CA$241.68 Million | -96.89% | 0.41x | $90.51 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.29 Billion |
| Abcourt Mines Inc. (ABI) | $3.33 Million | -20.67% | 0.04x | $77.46 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $70.55 Billion |
| American Eagle Gold Corp (AE) | $35.20 Million | -22.32% | 0.04x | $142.56 Million |
| Agnico Eagle Mines Limited (AEM) | $2.06 Billion | 6.77% | 0.33x | $86.35 Billion |
| Alamos Gold Inc (AGI) | $25.69 Million | -7.53% | 0.11x | $15.94 Billion |
| AIS Resources Ltd (AIS) | $479.48K | -11.79% | 0.06x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $24.24 Million | -6.73% | 0.03x | $41.82 Million |
| Almaden Minerals Ltd (AMM) | $5.18 Million | -58.59% | 0.09x | $24.82 Million |
About Majestic Gold Corp.
Majestic Gold Corp., a mining company, focuses on exploration, development, and operation of mining properties in China. The company primarily explores for gold ores. Its flagship project is the Songjiagou gold mine located in the Shandong Province of China. The company was incorporated in 1986 and is headquartered in Surrey, Canada.